Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Short Interest Update

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 57,600 shares, a decrease of 5.4% from the February 29th total of 60,900 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 26,800 shares, the short-interest ratio is currently 2.1 days.

Analyst Upgrades and Downgrades

Separately, Roth Mkm raised their target price on shares of Idaho Strategic Resources from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Tuesday.

Idaho Strategic Resources Price Performance

Shares of IDR stock traded up €0.23 ($0.25) on Tuesday, reaching €8.90 ($9.57). 46,000 shares of the company were exchanged, compared to its average volume of 27,984. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.57 and a quick ratio of 2.06. Idaho Strategic Resources has a one year low of €4.47 ($4.81) and a one year high of €9.05 ($9.73). The stock has a market capitalization of $111.78 million, a PE ratio of 98.90 and a beta of 0.68.

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last posted its earnings results on Monday, March 25th. The company reported €0.02 ($0.02) EPS for the quarter, missing the consensus estimate of €0.05 ($0.05) by (€0.03) (($0.03)). Idaho Strategic Resources had a return on equity of 5.98% and a net margin of 8.49%. The business had revenue of €3.78 million for the quarter, compared to the consensus estimate of €3.70 million. Equities research analysts expect that Idaho Strategic Resources will post 0.3 EPS for the current fiscal year.

Institutional Trading of Idaho Strategic Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in shares of Idaho Strategic Resources during the second quarter valued at approximately $57,000. Salem Investment Counselors Inc. purchased a new stake in shares of Idaho Strategic Resources during the 4th quarter valued at $85,000. UBS Group AG raised its stake in shares of Idaho Strategic Resources by 8,404.5% during the 3rd quarter. UBS Group AG now owns 18,965 shares of the company's stock worth $90,000 after purchasing an additional 18,742 shares during the period. Northern Trust Corp bought a new position in Idaho Strategic Resources during the fourth quarter valued at about $191,000. Finally, Geode Capital Management LLC increased its holdings in Idaho Strategic Resources by 15.2% during the second quarter. Geode Capital Management LLC now owns 81,581 shares of the company's stock worth $436,000 after buying an additional 10,768 shares during the last quarter. Hedge funds and other institutional investors own 8.70% of the company's stock.

About Idaho Strategic Resources

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.